1. Journalise the following transactions in the books of Gurman of Delhi: Sold goods to Krishna of Delhi at the list price ₹20,000 less trade discount 10% add CGST and SGST @ 9% each., and allowed cash discount 5%. He paid the amount immediately. Supplied goods costing ₹6,000 to Mohan...

2. Journalise the following transactions in the books of Gupta Bros., Lucknow (UP): 2024 ₹ March 1 Started business with cash ₹30,000; goods of ₹15,000 and furniture of ₹20,000 March 2 Paid into bank 20,000 March 3 Bought goods from Mohan Bros., Lucknow on credit 7,000 March 4 Sold goods...

3. Journalise the following in the books of Amit Saini, Gurugram (Haryana): Goods of ₹5,000, out of goods purchased within the state, were taken by him for personal use. ₹2,000 due from Sohan were bad debts. Goods of ₹6,000 were destroyed by fire and were not insured. These goods were...

4. Journalise the following transactions in the books of Mohan, Delhi: Raj of Alwar, Rajasthan who owed Mohan ₹25,000 became insolvent and received 60 paise in a rupee as full and final settlement. Mohan owes to his landlord ₹10,000 as rent. GST payable @ 6% each.  Charge depreciation of 10%...

5. Pass Journal entries in the books of Puneet, Delhi for the following: Received an order from Karan & Co. for supply of goods of ₹50,000. Received an order from AK & Co. for goods of ₹1,00,000 along with a cheque for ₹25,000  Paid to staff ₹40,000 against outstanding salaries...

6. Record the following transactions of Sumant. Kochi in a Two-column Cash Book and balance the book on 31st January, 2024: Date Particulars ₹ Date Particulars ₹ 2024 2024 Jan. 1 Cash Balance 1,000 Jan. 16 Bought goods, including IGST @ 12% 6,720 Jan. 1 Bank Balance 14,500 Jan. 19...

7. From the following transactions of Kamal, Guwahati, prepare Purchases Book and post into Ledger: 2024 April 1 Purchased from Videocon India Ltd., Kolkata: 30 Colour T.Vs @ ₹15,000 each, less Trade Discount @ 10% plus IGST @ 12%. April 15 Purchased from Sony India Ltd., Guwahati: 10 Colour T.Vs...

8. From the following particulars, prepare Sales Book of Gupta & Co., Kolkata who deals in furniture: 2024 Jan 5 Sold on credit to Hari & Co., Kolkata: 10 Tables @ ₹1,100 each 20 Chairs @ ₹1,000 each Charged CGST and SGST @ 6% each Jan 10 Sold to M/s....

9. Record the following transactions in the Purchases Return Book of Kamla Stores, Delhi for April, 2024: 2024 April 6 Returned goods to Ramesh Brothers, Delhi purchased for ₹5,000 plus CGST and SGST @ 6% each April 8 Returned goods to Sohan Brothers, Meerut purchased for ₹10,000 plus IGST@ 12%...

10. Enter the following transactions in the Sales Return Book of Raj Computers, Delhi: 2023 July 1 Sohan & Sons, Delhi returned 2 Laptops HP sold @ ₹40,000 each plus CGST and SGST @ 6% each July 2 Ramesh & Sons, Noida returned 2 ‘Ricoh’ printers sold @ ₹10,000 each...

11. Gurman has following balances in his GST Accounts as on 31st March, 2024: Particulars IGST(₹) CGST(₹) SGST(₹) Input GST 6,00,000 2,00,000 2,00,000 Output GST 5,00,000 1,50,000 1,50,000 Pass the Journal entries for set-off of GST.   T.S.Grewal/2024 Edition/Practical Problems/Q-11 For full question, please refer to the text book T.S.Grewal’s...

12. Naman has following balances in his GST Accounts as on 31st March, 2024: Particulars IGST(₹) CGST(₹) SGST(₹) Input GST 2,50,000 2,00,000 2,00,000 Output GST 4,00,000 1,50,000 1,50,000 Pass the Journal entries for set-off of GST.   T.S.Grewal/2024 Edition/Practical Problems/Q-12 For full question, please refer to the text book T.S.Grewal’s...